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at think that's a real bad deal for the economy. gerri: unbelievable. that is a bad deal. the uc anything that you like? >> well, there are good things. we can quit talking about the temporary busax cuts. this means that we are talking about the obama tax code. president obama of this tax cut right now. this is all his. for now on, good or bad, he lows with the results of this. gerri: you are so knowledgeable. thank you for helping is out. it is a huge bill. of course, the president will be signing it soon. thank you for your time. >> you bet. gerri: washington's last-minute deal to avert a monster they created has left neither side coming victory, everybody seems to be mad. now moody's is warning, their compromise does not go far ough to protect our country's aaa rating and is urging congress to do more. with more on this, democratic strategist, diector of communications for american crossroads and ed rollins, republican strategist and fox news contributor. i'm going to start with you. you have the most experience with these kinds of things. moody's has already saying, re
at think that's a real bad deal for the economy. gerri: unbelievable. that is a bad deal. the uc anything that you like? >> well, there are good things. we can quit talking about the temporary busax cuts. this means that we are talking about the obama tax code. president obama of this tax cut right now. this is all his. for now on, good or bad, he lows with the results of this. gerri: you are so knowledgeable. thank you for helping is out. it is a huge bill. of course, the president will...
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Feb 13, 2013
02/13
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let's streamline the process and help our economy grow. these initiatives in manufacturing, energy, infrastructure, housing all these things will help entrepreneurs and small business owners expand and create new jobs. but none of it will matter unless we also equip our citizens with the skills and training to fill those jobs. ( applause ) and that has to start at the earliest possible age. you know, study after study shows that the sooner a child begins learning, the better he or she does down the road. but today fewer than three in ten four-year-olds are enrolled in a high quality preschool program. most middlelassarents can't afford a few hundreds bucks a week for a private preschool. for poor kids, who need help the most, this lack of access to preschool education can shadow them for the rest of their lives. tonight i propose working with states to make high quality preschool available to every single child in america. ( applause ) that's something we should be able to do. every dollar we invest in high quality early childhood educatio
let's streamline the process and help our economy grow. these initiatives in manufacturing, energy, infrastructure, housing all these things will help entrepreneurs and small business owners expand and create new jobs. but none of it will matter unless we also equip our citizens with the skills and training to fill those jobs. ( applause ) and that has to start at the earliest possible age. you know, study after study shows that the sooner a child begins learning, the better he or she does down...
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it is like the mood ring for the economy. you know, it changes all the time. it's not always predictable on how it's going to move. even so, i am a big proponent of individual investors investing in stocks. what sectors do you like best right now? >> i like defensive sectors. i like to take advantage of what i think is an overvalued market. have on the taxes, it is a good reason to own them. pharmaceuticals as well. everybody in america is getting prescribed more and more medication, as we know. and so xph is another stock that has a lot from local companies and. gerri: what don't you like right now? is it the bond market? >> i don't mind the bond market so much, i like google and apple more than treasuries. you get a little bit more bang for your buck. financials i would stay away from. i would stay out of it. gerri: they had some pretty decent earnings though he meant yes, they did. the earnings have sunk the last couple of years. the housing market is tight on credit. gerri: type on credit, still giving taxpayer dollars in today's deal. scott, thank you for
it is like the mood ring for the economy. you know, it changes all the time. it's not always predictable on how it's going to move. even so, i am a big proponent of individual investors investing in stocks. what sectors do you like best right now? >> i like defensive sectors. i like to take advantage of what i think is an overvalued market. have on the taxes, it is a good reason to own them. pharmaceuticals as well. everybody in america is getting prescribed more and more medication, as...
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Jan 6, 2013
01/13
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ultimately, it will destroy our economy. >> i disagree with both nina and charles. it was postponed. it was avoided. that's a good thing. yes, the candid get kicked down the road. they had to because of the sequestration that will be taking place. what was achieved is that the president the achieved his goal of increasing the tax rate on the wealthy. that was important. the loser clearly being speaker boehner. yet a bad beginning of the year. >> the voters send them across the washingtons and make sure that they get every benefit that the government has available to them. they some republicans to washington to make sure that they will not have to pay. both parties keeping promises. they will much such a single gray hair on that beautiful hair of social security or medicare. dog or a. wieters locked in the bush tax cuts which democrats, as a matter of faith and principal, argued against for 10 years and you just made them, except for the top 1.5%, the law of the land in perpetuity. >> perpetuity until the next congress. >> they said permanently and i do not see any r
ultimately, it will destroy our economy. >> i disagree with both nina and charles. it was postponed. it was avoided. that's a good thing. yes, the candid get kicked down the road. they had to because of the sequestration that will be taking place. what was achieved is that the president the achieved his goal of increasing the tax rate on the wealthy. that was important. the loser clearly being speaker boehner. yet a bad beginning of the year. >> the voters send them across the...
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Jan 6, 2013
01/13
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so, we do have an economy, but we do have an economy that's bumping along the bottom. in terms of the certainty of the tax deal, yes, we do have that, but on the other hand, the obama health care law is going to be implemented all through 2013. and the wall street journal just reported that only 14% of small businesses actually undetand the obama health care law. and so, there is a huge overhang of uncertainty and then plus dodd frank which is going to be implemented through the financial industry. why do we have 2% growth? i think those are the reasons. we have some positive signals for the economy, but not enough to pull it off. >> paul: steve, let me, is there a silver lining here at all that maybe the public will begin to understand that you can't reduce the deficit with a tax increase? you just can't do it. this represents what, 600 billion dollars they say over ten years, that's about 6, 7% max of what the deficit is? >> great point, paul. let me step back a minute and say that you and i and dan and eric will lived through the budget deals for 25, 30 years, this
so, we do have an economy, but we do have an economy that's bumping along the bottom. in terms of the certainty of the tax deal, yes, we do have that, but on the other hand, the obama health care law is going to be implemented all through 2013. and the wall street journal just reported that only 14% of small businesses actually undetand the obama health care law. and so, there is a huge overhang of uncertainty and then plus dodd frank which is going to be implemented through the financial...
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Feb 24, 2013
02/13
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we need that money for the services, we need that money to be in the economy. this is completely ridiculous. we should get rid of obama care ?roo. what do you want to do with our $17 trillion national debt? >> i want to control healthcare costs. if we get healthcare costs under control over the long term we have no fiscal problems. republicans want to be well advised to join barack obama and after conversation about healthcare costs. >> why is this so stubborn a problem, healthcare costs? why is it so stubborn? why can't it be affected? >> because ideology is involved. >> people don't take responsibility for their own health. >> my turn now. what you need to do is close loopholes like carried interest, which mort supports and which would get money from the upper end. you need to close some of those loopholes, then cut entitlement programs, which the president has put some of those things on the table, but he is not going to do if the he doesn't get anything on the table. it's the republican refusal. >> excuse me, i not only do not support carried interest, i've
we need that money for the services, we need that money to be in the economy. this is completely ridiculous. we should get rid of obama care ?roo. what do you want to do with our $17 trillion national debt? >> i want to control healthcare costs. if we get healthcare costs under control over the long term we have no fiscal problems. republicans want to be well advised to join barack obama and after conversation about healthcare costs. >> why is this so stubborn a problem, healthcare...
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Jan 2, 2013
01/13
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WMAR
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they put off dealing with the auto mat tech spending cuts which could be far more damaging to the economy. so your tax rates are not going up under the fiscal cliff but your paychecks will be getting smaller, starting with your next check. that's because the 2-year-old's payroll fax rate is over. so here's how it will affect you f you're making $30,000 a year, you'll pay about $50 more a month in taxes. if you're earning $50,000, you'll contribute about $83 a month. >>> tonight house speaker john boehner is the focus of some bipartisan fury after he refused to act on hurricane sandy aid legislation. in october hurricane sandy devastated new york and new jersey. now the fight over recovery funding has erupted into anger on capitol hill. new jersey governor chris christie said house speaker john boehner is not returning his phone calls. >> 66 days and counting. shame on you. shame on congress. >> lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, boehner pulled the bill. boehner assures lawmakers a vote on sandy aid wil
they put off dealing with the auto mat tech spending cuts which could be far more damaging to the economy. so your tax rates are not going up under the fiscal cliff but your paychecks will be getting smaller, starting with your next check. that's because the 2-year-old's payroll fax rate is over. so here's how it will affect you f you're making $30,000 a year, you'll pay about $50 more a month in taxes. if you're earning $50,000, you'll contribute about $83 a month. >>> tonight house...
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01 in the morning when tax rates were supposed to go back, you like tax cuts you think they help the economy, before there was too much worry about how that came about, it is not because that bill added a lot of trek extra spending. lou: i am worried about a speaker in the republican party that allowed himself to be maneuvered again. and comprehension consequences of public policy choices they make, they call this responsible governance, they are the same party going after democrats in their judgment. the democrats are irresponsible and fiscally imprudent, i cannot find a wit a world of difference in the two out comes from the two parties. >> well, let me say a couple things. therefore a mistake that had to did with the negotiations, i don't believe it of made in the course of this latest round. of it made during the last round, when they set up what they cul call the sequester. lou: we have not come -- >> hold on, let me finish. >> i will. >> the sequester was divided 5 50/50 between defense and nondefense, and entitlements were identify the table, -- were off the table. that is a mistake b
01 in the morning when tax rates were supposed to go back, you like tax cuts you think they help the economy, before there was too much worry about how that came about, it is not because that bill added a lot of trek extra spending. lou: i am worried about a speaker in the republican party that allowed himself to be maneuvered again. and comprehension consequences of public policy choices they make, they call this responsible governance, they are the same party going after democrats in their...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. man: constant tingling in my toes. woman: i had double vision. woman: they said, "you have multiple sclerosis." man: i kind of had to get a grasp on reality. man: i had to adapt and change very rapidly. woman: i had to learn how to drive with my hands -- yeah, that was interesting. man: a symptom may cause you t to be able to do that anymore, and at one point, i was able to do any of those. man: since i've been cycling, it's definitely helped my walking. woman: it's a fantastic opportunity
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing...
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Jan 4, 2013
01/13
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this morning, we'll get a pretty good indication of how the economy is doing with the latest jobs report. >>> businesses come out of the fiscal cliff masked with millions of tax breaks but you and i are still going to pay more. >>> president obama enjoys shaved ice. joe biden puts his foot in his mouth yet again. and the sharks are circling. and what show is not complete without a cow that looks like a horse. "early today" starts right now. this is "early today" january 4th, 2013. >>> good morning, i'm mara schiavocampo. the december jobs report will be released today and in spite of the challenges of the fiscal cliff and hurricane sandy, economists are predicting 150,000 new jobs. that will remain at 7.7% unemployment. nbc's tracie potts is in washington with more on this. >> reporter: mara, good morning. holiday hiring and shopping could also have some play into all that. we'll know in about an hour and a half what those new job numbers look like. 150, 160,000 new jobs is what we're hearing. but the jobless rate 7.7% expected to stay about the same. there are a number of things we do k
this morning, we'll get a pretty good indication of how the economy is doing with the latest jobs report. >>> businesses come out of the fiscal cliff masked with millions of tax breaks but you and i are still going to pay more. >>> president obama enjoys shaved ice. joe biden puts his foot in his mouth yet again. and the sharks are circling. and what show is not complete without a cow that looks like a horse. "early today" starts right now. this is "early...
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Jun 21, 2013
06/13
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MSNBCW
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what is the political economy that makes that happen? >> people are not asking for casinos, but they are asking for better schools, new roads, they are asking for tuition assistance and stuff that costs money. they are also saying don't you raise my taxes by one penny or we'll throw you out of office. they say, okay, we'll just do a selective, very regressive tax on a handful of mostly desperate people and we'll just sort of take the money out of them and we have the help of an industry that will make it seem glamorous like it's a dream world. what happens in vegas stays there. you can do all kinds of fun stuff. >> one of the pioneers of this was in the american indian foxwood casinos in connecticut. built on tribal land. it was a little different than putting one in queens. but that produced just a tremendous amount of revenue. that was real money that flowed into the state that really did pay for a lot of stuff. >> but connecticut is one of the worst managed states. they are bordering on bankruptcy in connecticut. it goes back to a fai
what is the political economy that makes that happen? >> people are not asking for casinos, but they are asking for better schools, new roads, they are asking for tuition assistance and stuff that costs money. they are also saying don't you raise my taxes by one penny or we'll throw you out of office. they say, okay, we'll just do a selective, very regressive tax on a handful of mostly desperate people and we'll just sort of take the money out of them and we have the help of an industry...
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Jan 5, 2013
01/13
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FOXNEWSW
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road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> it's real news, you may not agree with it but you feel like you are getting real news around the clock instead of a million commercials and arguments between talking heads and the type of stuff we do that is not informative plus foreigners. >> jon: sharing her view of al-jazeera. that network referred to as the terrorist network by some critic. this week, al-jazeera made a deal with al gore and his partners to buy their current tv. it's their far left cable channel that not too many people global warming, judy, sells his tv network for a tiny profit to an oil producing country. did anybody in the note the irony there? >> fox news noted. i think it's just marvelous that al gore has managed to take a station that nobody watched and turn it into a cash cow for himself. he has made a hundred million dollars. al-jazeera is very good
road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> it's real news, you may not agree with it but you feel like you are getting real news around the clock instead of a million commercials and arguments between talking heads and the type of stuff we do that is not informative plus foreigners....
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Jan 5, 2013
01/13
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>> damage to the country torque the economy, and to the party. >> eleanor? >> i agree that boehner and mccomfortable did the right thing -- mcconnell did the right thing but they had to be dragged to the very edge of the cliff in order to do it. this was a self created trip wire so that congress would be forced to act and they almost tripped it. but the last minute, this is a victory for the president, tactical, political victory. the house republican caucus is in total disarray. the speaker has really no control over them. which is why mcconnell had to step in and he called on his long friendship with vice president biden who served in the senate for 35 years before becoming vice president and he learned some things along the way, and he knows how to negotiate. you find out what is the true bottom line of each side, and then you work your way to the middle. it was a masterful performance by senator biden -- senator biden, senator/vice president, maybe future president biden. because he will be taken a lot more seriously as a candidate for 2016 after this de
>> damage to the country torque the economy, and to the party. >> eleanor? >> i agree that boehner and mccomfortable did the right thing -- mcconnell did the right thing but they had to be dragged to the very edge of the cliff in order to do it. this was a self created trip wire so that congress would be forced to act and they almost tripped it. but the last minute, this is a victory for the president, tactical, political victory. the house republican caucus is in total...
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Jan 15, 2013
01/13
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FBC
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, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid. that is their mortgage emergencies, that upsetting the other stuff, defaulting it is not, that is why some republicans are paying so tough, raise but only if you match in equal spending cut,
, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top,...
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Jan 2, 2013
01/13
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economy and gas prices. i think how europe does is going to affect a lot of what happens in the u.s. economy and congress. >> there's also an ongoing school issue that will affect the nation's public school systems. tell bus that. >> it's a sombering reality when we talk about k through 12, we've been thinking only about gun violence in the wake of the newtown shooting. but congress could revisit the no child left behind act. the relationship between federal and state regulations is going to come to a head sooner rather than later and congress will have to be forced to have that discussion. >> you also see the dodd-frank too big to fail law as a hot button issue. why? >> right. although there hasn't been as much of an uproar to overhaul that law or overturn it, as compared to say the health care law, there's definitely a growing sense on both sides of the aisle and interestingly enough to reexamine these too big to fail, the mega institutions, which are governing our markets. and i think you see people on bo
economy and gas prices. i think how europe does is going to affect a lot of what happens in the u.s. economy and congress. >> there's also an ongoing school issue that will affect the nation's public school systems. tell bus that. >> it's a sombering reality when we talk about k through 12, we've been thinking only about gun violence in the wake of the newtown shooting. but congress could revisit the no child left behind act. the relationship between federal and state regulations is...
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Feb 27, 2013
02/13
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FOXNEWSW
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this is one of lessons from milton friedman, cutting spending is good for the economy and especially wasteful spending that you have been talking about. by the way, neil you just scratched the surface. there are hundreds and hundreds of other examples of this. i want to say this -- if tom price is right there is $50 billion that hasn't been spent, but that doesn't mean we should do the sequester. now is the time for every federal agency, especially since they got 20% increases in the last four years, maybe to suck in their stomach and tighten their belts and find ways they can save on travel and other things. >> neil: i'm with you. a lot of people rip this whole sequestration thing. i don't have a problem if it guarantees in the end we'll have cuts. it's not pretty. it's not very organized. it's haphazard but in the scheme of things not to do the cuts and favor an approach would be more heinous. now when it comes to those $85 billion in cuts, republicans are trying to give the president more leeway, calling the bluff, mr. president we are going to cut airport security personnel and t
this is one of lessons from milton friedman, cutting spending is good for the economy and especially wasteful spending that you have been talking about. by the way, neil you just scratched the surface. there are hundreds and hundreds of other examples of this. i want to say this -- if tom price is right there is $50 billion that hasn't been spent, but that doesn't mean we should do the sequester. now is the time for every federal agency, especially since they got 20% increases in the last four...
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Jan 14, 2013
01/13
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COM
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the damsell in this case representing our entire economy. yes, we tied a woman to the track. to force us to deal with the train. so the stage was set for serious people to arrive at a serious solution. seriously. >> a lot of partisan rhetoric on both sides, talks on the fiscal cliff are now at a standstill. (train whistle) >> jon: train the president's proposal would raise tacks on families earning $4,000 a year and higher. that's up from $250,000 he initially proposed while cutting $930 billion in spending >> jon: an opening bid and only 13 days until the train run over that woman >> boehner argues taxes and cuts need to be equal. he is moving ahead with a tomorrow on what he calls plan-b. >> jon: plan-b? the morning after bill? ( cheers and applause ) plan-b is the bill you introduce to mitigate your previous session's irresponsible behavior. let's hear it >> republican bill that would prevent income taxes from going up on january 1 for anyone making less than $1 million a year. >> jon: you mean everybody? all right. it's a starting point. as we discussed earlier someone ha
the damsell in this case representing our entire economy. yes, we tied a woman to the track. to force us to deal with the train. so the stage was set for serious people to arrive at a serious solution. seriously. >> a lot of partisan rhetoric on both sides, talks on the fiscal cliff are now at a standstill. (train whistle) >> jon: train the president's proposal would raise tacks on families earning $4,000 a year and higher. that's up from $250,000 he initially proposed while cutting...
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Jan 3, 2013
01/13
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to have a fight over that is to say the united states should throw the economy of the world into catastrophe. that should not happen. in order to avoid that disaster since the republicans are trying to use the debt ceiling to bl k blackmail the country say by saying it's a nice economy, pity to blow it up if you have don't pay our ran sam. dr ran some. -- ransom. >> you just said there should not be a fight over the debt ceiling but will there be? is there anything about the history of this issue that suggests there won't be a fight? >> there will be a fight unless the president takes it off the table by invoking his ability to say i'm going to ignore the debt ceiling when and if it -- when and if it says that we can't pay the bills that are lawfully incurred because that would violate the 14th amendment. if the president is willing to invoke the 14th amendment, he can take it off the table. the republicans would yell and scream but he's has the right to invoke the 14th amendment and the republicans can take it to court. >> we're going to bring in our panel. hi, guys. good to see you all. >>
to have a fight over that is to say the united states should throw the economy of the world into catastrophe. that should not happen. in order to avoid that disaster since the republicans are trying to use the debt ceiling to bl k blackmail the country say by saying it's a nice economy, pity to blow it up if you have don't pay our ran sam. dr ran some. -- ransom. >> you just said there should not be a fight over the debt ceiling but will there be? is there anything about the history of...
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Jan 2, 2013
01/13
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we will be watching blips to see if the economy is on track. fourth quarter earnings will be big as well. they take the outlooks down and it will be interesting to see how the numbers play out. >> it sure will. jackie, it's a new year. a little more coffee and we will be good. as we pointed out, the current fiscal cliff deal puts off several issues to another day. seth up a triple threat just too short months from now. we have the fight over raising the nation's debt ceiling that comes in late february or early march. march 1st, congress will have to deal with the sequester of the automatic spending cuts that have been put off. just a few weeks later, the continuing resolution on the federal budget runs out. that could lead to at least a partial government shut down. joining us now live with a happy new year to you. i guess we will start with the debt ceiling. why not tackle this first. it has been building for a while and a major sticking point in the negotiations. how does the make up of the final deal change the way this is likely to play ou
we will be watching blips to see if the economy is on track. fourth quarter earnings will be big as well. they take the outlooks down and it will be interesting to see how the numbers play out. >> it sure will. jackie, it's a new year. a little more coffee and we will be good. as we pointed out, the current fiscal cliff deal puts off several issues to another day. seth up a triple threat just too short months from now. we have the fight over raising the nation's debt ceiling that comes in...
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Jan 5, 2013
01/13
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last time our entire economy suffered. our familis and businesses cannot afford that dangerous game again. >> congressional office said it will leave 900 billion a year in deficits. republicans say by raising taxes on the wealthy. they ended the revenue debate. it still requires a balance of spending cuts and revenue from renorming the tax code. republicans do agree that the tax code needs reform. >> the i.r.s. is a nightmare. too costly and unfair. there is it something wrong when they have to hire a professional to do taxings. you shouldn't need an army of lawyers and accountants to understand our tax code. >> those republicans who voted for the fiscal cliff deal said they voted to protect 98 percent of the country from tax hikes. the teparty is focused on the two percent they did and threatening challenges. and new year's eve. and it is keeping us going for the next couple of monthses. the fight could gip in a matter of weeks. >> and again down to the wire. wendall. i know you are there with the president and coming bac
last time our entire economy suffered. our familis and businesses cannot afford that dangerous game again. >> congressional office said it will leave 900 billion a year in deficits. republicans say by raising taxes on the wealthy. they ended the revenue debate. it still requires a balance of spending cuts and revenue from renorming the tax code. republicans do agree that the tax code needs reform. >> the i.r.s. is a nightmare. too costly and unfair. there is it something wrong when...
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Feb 13, 2013
02/13
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WJZ
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let's streamline the process and help our economy grow. these initiatives in manufacturing, energy infrastructure housing all these things will help entrepreneurs and small business owners expand and create new jobs. but none of it will matter unless we also equip our citizens with the skills and training to fill those jobs. (applause) and that has to start at the earliest possible age. you know study after study shows that the sooner a child begins learning the better he or she does down the road. but today, fewer than 3-in-10 four-year-olds are enrolled in a quality program. most middle-class parents can afford a few hundred bucks a week for private preschool. and for poor kids who need help the most this lack of access to preschool education can shadow them for the rest of their lives. so tonight i propose working with states to make high-quality preschool available to every single child in america. (cheers and applause) that's something we should be able to do. every dollar we invest in high quality early childhood education could save
let's streamline the process and help our economy grow. these initiatives in manufacturing, energy infrastructure housing all these things will help entrepreneurs and small business owners expand and create new jobs. but none of it will matter unless we also equip our citizens with the skills and training to fill those jobs. (applause) and that has to start at the earliest possible age. you know study after study shows that the sooner a child begins learning the better he or she does down the...
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. >>> to the american economy now, and news that american car dealers have had a great year. sales for the big three, gm, chrysler and ford, all up in 2012. there were strong sales for imports, as well. but on wall street today, the market snapped their two-day winning streak. the dow and nasdaq and the s&p 500 all ended the day lower. i'm joined now by cnbc's sue herrera. sue, the dust has settled from the fiscal cliff crisis, the economy sending some promising signals. but there is still a lot of americans out of work. what do we expect when december's job numbers come out tomorrow? >> reporter: well, there's some decisions on wall street that are being made right now in terms of the trading day tomorrow. because that report tomorrow morning is expected to show pretty much what we saw in november, about 151,000 new jobs created. but remember, last month there was a lot of controversy over the jobs report because of revisions. we're going to get that same kind of data skew in tomorrow's report. and that's one of the reasons why people sold wall street today. nobody wants to
. >>> to the american economy now, and news that american car dealers have had a great year. sales for the big three, gm, chrysler and ford, all up in 2012. there were strong sales for imports, as well. but on wall street today, the market snapped their two-day winning streak. the dow and nasdaq and the s&p 500 all ended the day lower. i'm joined now by cnbc's sue herrera. sue, the dust has settled from the fiscal cliff crisis, the economy sending some promising signals. but there...
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Jan 5, 2013
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china is the largest economy in the world. germany, france, we're in a dangerous situation where this is a where a world war situation could develop. >> eliot: where i disagree with you. i don't think there will be a shooting war-- >> space. >> eliot: perhaps, but i think the war will be fought through software. >> market fare. >> but eliot, look at all these situations that can explode in the east china sea and the south china sea. the nationalism we have disturbing elections in japan and south career. >> eliot: the tension between china and japan is real. >> and $12 billion to taiwan. who are we kidding here? the u.s. has made it very clear. hillary clinton said this was a pivot point. this is the specific 21 century american-specific century. >> eliot: it hairs mondays at 8:00, the book is on book shelves. thank you for coming on the show. >>> when republicans complain about the debt. they should look at where the debt came from. i can't imagine anything better. you're getting a ton of shrimp and it tastes really good! [ ma
china is the largest economy in the world. germany, france, we're in a dangerous situation where this is a where a world war situation could develop. >> eliot: where i disagree with you. i don't think there will be a shooting war-- >> space. >> eliot: perhaps, but i think the war will be fought through software. >> market fare. >> but eliot, look at all these situations that can explode in the east china sea and the south china sea. the nationalism we have...
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don't know how you do it because if you -- it's not like this legislation you go over the cliff, the economy slides into recession. with the debt ceiling if you don't have authority, what do you do? you stop paying bills if you're the federal government. you stop sending checks to your suppliers-- >> that hurts the one who made that possible. >> well, in the short run you -- the hospitals don't get reimbursed for their medicare expenses. >> neil: that's the vice that democrats have republicans in, they're afraid of their own shadow. what's to spell democrats for serious spending cuts if they think that republicans are afraid of even a hint-- >> i think what helps, every expert in washington agrees that the long-term entitlement. >> neil: no doubt. >> changed. >> neil: a lot of american people seem to -- they're far happier with raising taxes on the rich. but what the president says, aim he not going to change social security in the context of improving the budget. i will do it to strengthen social security so the rhetoric will move in that direction. >> neil: but that means it has to be trut
don't know how you do it because if you -- it's not like this legislation you go over the cliff, the economy slides into recession. with the debt ceiling if you don't have authority, what do you do? you stop paying bills if you're the federal government. you stop sending checks to your suppliers-- >> that hurts the one who made that possible. >> well, in the short run you -- the hospitals don't get reimbursed for their medicare expenses. >> neil: that's the vice that democrats...
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economy almost 1.9 million jobs that year and the next. lost tax revenues, unemployment revenues for those 2 million unemployed people would have add another $40 billion in costs to the taxpayers, so we can see now this retrospect that this was the choice, don't bail out gm and it will cost you $40 billion or do bailout gm but it will cost $10.5 billion. since since the bailout, gm has now been profitable for 15 straight quarters, and it's thinking about paying a dividend to it's stockholders because of it's strong growth and because it sitting on so much cash from selling so many cars that people like. bailout done, bailout worked. and to add a little historic icing to the cake, gm today just named their new ceo, her name is mary berra and she's been with general motors for 33 years. not only did she work her way up from the bottom rungs of the company, she is the first woman head of an automaker in the world. her retirement now coincides with that government bailout wrapping up as being a success. one other note, though, of course nobody
economy almost 1.9 million jobs that year and the next. lost tax revenues, unemployment revenues for those 2 million unemployed people would have add another $40 billion in costs to the taxpayers, so we can see now this retrospect that this was the choice, don't bail out gm and it will cost you $40 billion or do bailout gm but it will cost $10.5 billion. since since the bailout, gm has now been profitable for 15 straight quarters, and it's thinking about paying a dividend to it's stockholders...
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i mean, the leverage is if republicans don't budge, the entire global economy is at stake. so this idea i think that republicans somehow have more leverage than the president isn't quite right. >> but the thing, as you point out, jackie, is that they're not going to budge. speaker bain aoehner says he's going to negotiate one-on-one with the president. what's that strategy about? >> as we've seen, speaker boehner has had a pretty rough week for lots of reasons. he doesn't have -- right now it's really complicated inside that conference. it reminds me of when the democrats were in charge. it was like herding cats and it's kind of become like that. i mean, you have a lot of factions where republicans used to be extremely disciplined, all volt one way, that doesn't exist anymore. he's dealing with a lot of factions in his conference who aren't particularly fans of the president. >> i want to bring in congressman tom cole. good to see you this morning. >> good to see you. >> so this got through, which is something you wanted to see. now you have speaker boehner saying i'm not g
i mean, the leverage is if republicans don't budge, the entire global economy is at stake. so this idea i think that republicans somehow have more leverage than the president isn't quite right. >> but the thing, as you point out, jackie, is that they're not going to budge. speaker bain aoehner says he's going to negotiate one-on-one with the president. what's that strategy about? >> as we've seen, speaker boehner has had a pretty rough week for lots of reasons. he doesn't have --...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth on. also in minis. ♪ >> jennifer: the next fight is already brewing in congress. of course overraising the debt ceiling. republicans are threatening not to cooperate, and if it doesn't get done it could send the entire global economy into a tailspin. now people are looking for other solutions. is there somewhere we can turn to get rationality? they have come up with some pretty unorthodox ways of going around congress. right now platinum coin is trending on twitter. why you might ask? because the possible has been raised to have the
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll...
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Sep 12, 2013
09/13
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and the global economy. business confidence around the world. i think it was really important that we saw august numbers improving, confidence improving despite the fact that we had higher interest rates, despite the fact that we were starting to get more noise out of syria, despite all the political noise coming out of the u.s. and europe. business confidence is improving. historically that's good for stock multiples. it's also good for the real economy. it tends to be a leading indicator. with that economic back drop and with the stock buy backs we're seeing in the u.s., i think we'll see equities coming higher in the coming years and years. i don't think the tapering is going to stop that. >> higher interest rates, larry, and higher multiples. i think that's exactly right. >> higher interest rates and multipl multiples, we'll get stan to thaens. >>> no wonder she took the fifth. some lois learner e-mails look like a smoking gun in the conservative irs scandal. we're going to be joined with the details of three nasty new e-mails. i'm larry kud
and the global economy. business confidence around the world. i think it was really important that we saw august numbers improving, confidence improving despite the fact that we had higher interest rates, despite the fact that we were starting to get more noise out of syria, despite all the political noise coming out of the u.s. and europe. business confidence is improving. historically that's good for stock multiples. it's also good for the real economy. it tends to be a leading indicator....
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. >> a delay on the debt ceiling could do damage to the economy and result in a credit downgrade. >> house speaker john boehner says the house will vote on part of a sandy aid bill friday. the delay in aid infuriated members of his party and millions along the east coast. the speaker allowed the house to adjourn last night without passing a $60 billion measure. some conservatives are gau tgue bill has too much pork and called the delay stab in the back. new jersey governor chris christie was outspoken in his criticism of congress. >> there is only one group to blame for the continue the suffering of these innocent victim thousands, the house majority and their speaker, john boehner. >> the house will vote for a $9 billion flood insurance program on friday. another vote on the remaining $51 billion of the aid package is supposed to happen january 15th. >>> a neighborhood is in mourning tonight after being unable to rescue a man from a burning house. they were unable to go in there because of his hunting ammunition exploding. the man was screaming for hem from his mobile home and maryl
. >> a delay on the debt ceiling could do damage to the economy and result in a credit downgrade. >> house speaker john boehner says the house will vote on part of a sandy aid bill friday. the delay in aid infuriated members of his party and millions along the east coast. the speaker allowed the house to adjourn last night without passing a $60 billion measure. some conservatives are gau tgue bill has too much pork and called the delay stab in the back. new jersey governor chris...
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we don't want to play chicken with the economy. the president made a deal, even as you said, because he wanted people to continue on with their insurance. if we care about people and the outcomes, it makes it hard to hold a firm line, but the president has to. and i think he has to make the crazy people in the republican party the problem of the republican party and the problem of wall street and the ceos in this country because they've enabled this nihilism. he needs to go out to widen his base and make these crazy people everybody's problem. >> cynthia, aren't they really being hypocrite kal? they were not that concerned about arguing, saying they weren't as obsessed about arguing about the deficit when there wasn't a democrat in the white house. look at this, "new york times" compared the amount of the new debt added under president bush versus the amount added under president obama. it's not even close. more than $5 trillion under bush, mostly thanks to unfunded wars and tax cuts for millionaires. new policies under president o
we don't want to play chicken with the economy. the president made a deal, even as you said, because he wanted people to continue on with their insurance. if we care about people and the outcomes, it makes it hard to hold a firm line, but the president has to. and i think he has to make the crazy people in the republican party the problem of the republican party and the problem of wall street and the ceos in this country because they've enabled this nihilism. he needs to go out to widen his...
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i think we believe the economy slows early in the year on the back of a slowing consumer spending due to fiscal tightening. >> how much growth do you see for 2013. and also on the job scene where do you see the unemployment rate by the end of the year? >> well we're looking for growth to be a little bit above 2% on the quarterly average. but the year to start quite slow a little less than 1.5% as we absorb the tax increase, deal with some of the lingering uncertainties about what is happening in washington. we're right and we do absorb this the global economy gets better we think growth could be up toward --% as we move through the second haft of year. there su a very mixed year way slow start but a stronger end. >> susie: you know, getting back to the washington battle, you heard sylvia hall's report at the top of the program, to what extent will those budget battles impact the psychology of consumers and c.e.o.s and what impact will they have on the economy at the end of the day? >> well, i think if we can avoid the debt ceiling crisis spilling out, i think the effects from confiden
i think we believe the economy slows early in the year on the back of a slowing consumer spending due to fiscal tightening. >> how much growth do you see for 2013. and also on the job scene where do you see the unemployment rate by the end of the year? >> well we're looking for growth to be a little bit above 2% on the quarterly average. but the year to start quite slow a little less than 1.5% as we absorb the tax increase, deal with some of the lingering uncertainties about what is...
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just set its -- just said the policy majors are split about a bond program intended to stimulate the economy. >>> and the dow is coming off its biggest gain. still up 450 for the week. >>> phone books will still be delivered to san francisco homes and businesses unless residents and merchants specifically say they don't want them. a federal court panel says phone books should not be treated any differently than newspapers or magazines. the ruling came in a seattle case. san francisco's board of supervisors wanted to allow deliveries of the yellow pages only when requested. city leaders say 1.6 million unwanted phone books are delivered in the city every year. >>> today on ktvu channel 2 news, new year's eve was a busy night for the oakland police department. during the last hour, officers showed off one of the high- powered weapons they took off the street. the technology they used to track it down -- coming up at 5:00. >>> thank you for trusting ktvu news. we'll see you the next time news breaks. we're always here for you at ktvu.com and mobile ktvu.com.
just set its -- just said the policy majors are split about a bond program intended to stimulate the economy. >>> and the dow is coming off its biggest gain. still up 450 for the week. >>> phone books will still be delivered to san francisco homes and businesses unless residents and merchants specifically say they don't want them. a federal court panel says phone books should not be treated any differently than newspapers or magazines. the ruling came in a seattle case. san...
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very little empathy for people that are up employed because of a bad economy. i do think it's very telling. >> congresswoman, you mentioned getting some republicans on board. that was an issue today that produced some harsh exchanges on the house floor. let me play just a sample. there was a republican congressman responding to a massachusetts democrat who said look, this is holiday season. have a heart. take a listen. >> anything short of a bipartisan solution is show boating for those folks that are hurting, not doing a thing to help them. we don't need show beating, mr. speaker, we need results. >> i wanted to give you a chance to respond to that charge. >> i wasn't there for that debate, so perhaps he was talking about the bipartisan budget deal on the table. if we were talking about unemployment insurance, i would agree with him that we need a bipartisan agreement for that to pass. and that it would show having a heart for those people unemployed. with regard to the budget deal, obviously there's a lot of disappointment in the bill, but this is what compro
very little empathy for people that are up employed because of a bad economy. i do think it's very telling. >> congresswoman, you mentioned getting some republicans on board. that was an issue today that produced some harsh exchanges on the house floor. let me play just a sample. there was a republican congressman responding to a massachusetts democrat who said look, this is holiday season. have a heart. take a listen. >> anything short of a bipartisan solution is show boating for...
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the entire economy of the world will collapse. you guys can't be responsible. and they'll cave. >> am joined tonight by ohio congressman tim ryan. congressman, good to have you with us on this friday evening. i think that might have been about the best advice ever come from the former speaker, calling it a dead loser. he is calling their bluff here. but why do the republicans keep going down this road? >> well, they just -- you know, they got this thing going on where they just keep talking to each other, and they keep lurching and further and further to the right. just think when newt gingrich becomes the voice of reason within the republican party, how far to the right they must have lurched. and i just think they're worried, because if they pull up the debt ceiling as -- and they try to hold the president and the democrats hostage over the debt ceiling, the contrast is going to be well, what are you going to cut? are you going to put these deep cuts in the medicare? are you going to put them in medicaid and nursing homes and these kind of things? so if they
the entire economy of the world will collapse. you guys can't be responsible. and they'll cave. >> am joined tonight by ohio congressman tim ryan. congressman, good to have you with us on this friday evening. i think that might have been about the best advice ever come from the former speaker, calling it a dead loser. he is calling their bluff here. but why do the republicans keep going down this road? >> well, they just -- you know, they got this thing going on where they just keep...
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i think we believe the economy slows early in the year on the back of a slowing consumer spending due to fiscal tightening. >> how much growth do you see for 2013. and also on the job scene where do you see the unemployment rate by the end of the year? >> well, we're looking for growth to be a little bit above 2% on the quarterly average. but the year to start quite slow, a little less than 1.5% as we absorb the tax increase, deal with some of the lingering uncertainties about what is happening in washington. we're right and we do absorb this, the global economy gets better, we think growth could be up toward --% as we move through the second haft of year. there su a very mixed year way slow start, but a stronger end. >> susie: you know, getting back to the washington battle, you heard sylvia hall's report at the top of the program, to what extent will those budget battles impact the psychology of consumers and c.e.o.s and what impact will they have on the economy at the end of the day? >> well, i think if we can avoid the debt ceiling crisis spilling out, i think the effectsrom confi
i think we believe the economy slows early in the year on the back of a slowing consumer spending due to fiscal tightening. >> how much growth do you see for 2013. and also on the job scene where do you see the unemployment rate by the end of the year? >> well, we're looking for growth to be a little bit above 2% on the quarterly average. but the year to start quite slow, a little less than 1.5% as we absorb the tax increase, deal with some of the lingering uncertainties about what...